The US added 223K jobs against 178K expected by analysts while wage growth matched analysts expectations at 2.7% y/y in May. USD/JPY supported by bulls is trading in the 109.50 region. USD/JPY jumped 20 pip in a knee-jerk reaction as the US Nonfarm Payrolls came in better-than-anticipated at 223 versus 178K in May. The wages’ growth (Average Hourly Earnings) matched analysts expectations at 2.7% in May. The unemployment rate came slightly better at 3.8% versus 3.9% expected by analysts. The news is bullish for the buck as more jobs have been added in May which is a positive for the US economy. USD/JPY is now consolidating his recent 20-pip move higher and is trading at around 109.50 up 0.66% on Friday. Overnight USD/JPY had a boost on the back of a pickup in US treasury yields. The greenback as tracked the US Dollar Index (DXY) is trading in the 94.20 region. USD/JPY 4-hour chart USD/JPY is trading above its 200-period simple moving avergae. Support is seen at the 108.00 and 109.00 handle while resistances are seen at the 110.00 handle and the 111.41 May 21 high. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD edges lower toward 0.75 on upbeat NFP figures FX Street 5 years The US added 223K jobs against 178K expected by analysts while wage growth matched analysts expectations at 2.7% y/y in May. USD/JPY supported by bulls is trading in the 109.50 region. USD/JPY jumped 20 pip in a knee-jerk reaction as the US Nonfarm Payrolls came in better-than-anticipated at 223 versus 178K in May. The wages' growth (Average Hourly Earnings) matched analysts expectations at 2.7% in May. The unemployment rate came slightly better at 3.8% versus 3.9% expected by analysts. The news is bullish for the buck as more jobs have been added in May which is a positive for the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
